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The Pros and Cons of Retiring Early

In Articles, Redefining Wealth by Mission Wealth

A popular online movement wants to make 40 the new 65. FIRE stands for Financial Independence Retire Early. The idea is that by working as hard as you can and saving as much as you can as soon as you enter the workforce, you can become financially independent and retire well before the traditional retirement age. It’s an appealing idea in theory, but in practice there are some major pros and cons to consider.

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The Tax Benefits of Home Ownership

In Articles, Estate Planning, Taxes by Mission Wealth

In tax lingo, your principal residence is the place where you legally reside. It’s typically the place where you spend most of your time, but several other factors are also relevant in determining your principal residence. Many of the tax benefits associated with home ownership apply mainly to your principal residence — different rules apply to second homes and investment properties. Here’s what you need to know to make owning a home really pay off at tax time.

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Dealing with Divorce

In Articles, Wealth Management by Mission Wealth

Divorce can be a lengthy process that may strain your finances and leave you feeling out of control. But with the right preparation, you can protect your interests, take charge of your future, and save yourself time and money. You probably never expected divorce when you cut the wedding cake – you and your spouse planned on spending the rest of your lives together. Unfortunately, the fairy tale didn’t work out, and you’re headed for a divorce. So where do you begin?

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How a Financial Professional Can Help You

In Articles, Estate Planning, Investments, Wealth Management by Mission Wealth

Are you suddenly on your own or forced to assume greater responsibility for your financial future? Unsure about whether you’re on the right track with your savings and investments? Finding yourself with new responsibilities, such as the care of a child or an aging parent? Facing other life events, such as marriage, divorce, the sale of a family business, or a career change? Too busy to become a financial expert but needing to make sure your assets are being managed appropriately? Or maybe you simply feel your assets could be invested or protected better than they are now. These are only some of the many circumstances that prompt people to contact someone who can help them address their financial questions and issues.

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Women and Money: 5 Tips to Taking Control of Your Finances

In Articles, Wealth Management by Mission Wealth

As a woman, you have financial needs that are unique to your situation in life. Perhaps you would like to buy your first home. Maybe you need to start saving for your child’s college education. Or you might be concerned about planning for retirement. Whatever your circumstances may be, it’s important to have a clear understanding of your overall financial position.

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Market Perspectives Q4 2018

In Articles, Investments by Kieran Osborne

We’ve prepared an economic update and outlook for the fourth quarter of 2018 that focuses on a few key themes – commentary on the recent stock market sell-off, a discussion of the ongoing trade war narrative and its impact on the economy, and the outlook for Fed policy and interest rates.

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Did You Inherit Your Beliefs about Money from Your Parents?

In Articles, Wealth Management by Mission Wealth

Parents know that children hear, see, and pick up on everything that is going on with the adults in their lives. And when you were a child, you were no different. Many of the attitudes we have about money were formed at a very early age as we absorbed how our own parents dealt with their finances. Some of these beliefs, such as a commitment to disciplined saving, are positive. Others, like skepticism about the stock market, can be more harmful than helpful as we try to build wealth in our own lives.

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Spotlight on the Team: Rory Macdonald

In Articles, Firm Announcements by Mission Wealth

Mission Wealth’s Spotlight on the Team for October is Client Advisor Rory Macdonald. Rory has been with Mission Wealth for nearly 7 years, and brings to the firm over 9 years of experience in finance. In this interview we learn that Rory is a citizen of not only the United States but 2 other countries. He also provides a helpful piece of financial advice on how to set budget goals and make improvements.